Before you start the FHA loan process, you'll need to have some information at hand for all loan applicants.
The FHA loan checklist includes information that is necessary to get your FHA mortgage started.


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What is an FHA Loan?
FHA Streamline


FHA LOAN TYPES
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overview
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FHA PROGRAMS
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FHA GUIDELINES
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FHA Lending Limits
FHA Closing Costs
Mortgage Insurance
Debt to Income Ratios
HUD Credit Issues
HUD Loan Checklist
Down Payment Grants

then then


FHA LOAN CHECKLIST

Before you start the loan process, you'll need to have some information at hand for all loan applicants:
  1. Social Security numbers
  2. Residence addresses for the past two years
  3. Names and addresses of your employers over past two years
  4. Your current gross monthly salary
  5. Names, addresses, account numbers and balances on all checking and savings accounts
  6. Names, addresses, account numbers, balances and monthly payments on all open loans
  7. Addresses and loan information of other real estate owned
  8. Estimated value of furniture and personal property
  9. Certificate of Eligibility and DD-214, (for veterans only)
  10. W2's for the past two yars and current check stubs
  11. For self-employed individuals, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business
In addition, you will need to pay for a credit report and appraisal of the property.


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FREQUENT FHA HUD QUESTION # 11   [ -more questions- ]
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Q: What are the steps involved in the FHA loan process?
A: With the exception of a few additional forms, the FHA loan application process is similar to that of a conventional loan. With new automation measures, FHA loans may be originated more quickly than before. And, if you don't prefer a face-to-face meeting, you can apply for an FHA loan via mail, telephone, the Internet, or video conference.





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